Egypt's planning minister outlines 2026 economic shift to military envoys

Following her recent conference speech on reforms, Dr. Rania Al-Mashat, Egypt's Minister of Planning, Economic Development and International Cooperation, briefed newly appointed military attachés on the 2026 economic strategy, highlighting private sector-led growth, green energy, and over 5% GDP growth amid ongoing structural changes.

In an address to new military attachés, Al-Mashat shifted focus from defense to economic promotion, spotlighting textiles, tech hubs, and global trade dynamics. She noted 98% private ownership in tourism and industry, projecting >5% growth this year (targeting 7%) via an EGP 1tn public investment cap for 2024/2025, redirecting credit to private firms.

Under the National Structural Reform Programme—involving 40 entities and 430 measures—reforms span tax, trade, and labor. For 2025/2026, 48% of public investments target human development. Building on $9.5bn budget support and $17bn private financing since 2020 (including $5bn NWFE for green projects aiming 42% renewables by 2030), Egypt signed 65 new protocols in 2025. Peace initiatives by President El-Sisi and U.S. President Trump aid Suez Canal recovery (12% global trade), with IMF fifth/sixth reviews completed.

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Minister of Planning and Economic Development Ahmed Rostom told parliament that Egypt’s economy is projected to grow by 5.4% by the end of fiscal year 2026/2027, rising to 6.8% by the end of the medium-term plan in 2029/2030. The government adopted a cautious growth scenario amid regional and global uncertainty.

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Minister of Planning Ahmed Rostom presented the FY 2026/27 economic plan to parliament, targeting growth of 5.2-5.4% and total investments of EGP 3.7trn, with private sector contributing the majority.

Finance Minister Ahmed Kouchouk announced EGP 80bn allocated in the FY2026/2027 budget for programs supporting production, manufacturing, entrepreneurship, and exports. The allocation includes EGP 48bn for export rebate schemes and EGP 6.7bn for the tourism sector. Presenting the draft budget to parliament, he projected public revenues at EGP 4trn.

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In the latest Central Crisis Management Committee meeting amid the ongoing US-Israeli-Iranian military crisis, Egypt has lifted the 11 p.m. mandatory closing time for shops, commercial centers, and restaurants, while launching a solar energy incentive program for homes and factories. This follows March's austerity measures and wage hikes. Cabinet spokesman Mohamed El-Homosany confirmed the approvals.

Egypt is implementing integrated structural and institutional reforms to drive investment and export growth, Minister of Investment and Foreign Trade Mohamed Farid said on Tuesday. Speaking at a ministerial panel during the DCODE EFC annual event, Farid stated that the government is pursuing a gradual reform process to build investor confidence and improve the business climate. The effectiveness of these policies is measured by their ability to create an efficient environment for small and medium-sized enterprises.

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